Finnegan Way Condominium

Key facts from Finnegan Way Condominium's documents

Community type

condominium (Article I, Section 1.1)

Legal name

Finnegan Way Condominium Association (Article VII, Section 7.1)

Developer / declarant

Finnegan Way Condominium Association (Grantor, not original Declarant) (First page, Grantor)

Governing law

Washington Condominium Act, Chapter 64.34 RCW (Article 1.2)

Assessments & dues

Budget for Common Expenses; meeting of Association to ratify budget. (Sections 10.1, 10.2)

Special assessments

Special Assessments are allowed (Section 10.7). (Section 10.7)

Collections & liens

Association has a lien for Assessments and power of sale; may foreclose non-judicially. (Sections 10.15, 10.16, 10.17, 10.18)

Reserves & fees

Reserves for major repairs, replacements, and insurance deductibles; Reserve Study required by state law. (Sections 10.3, 10.3.1, 10.3.2)

Pets

Small birds, aquarium fish, well-behaved dogs and/or cats and other well-behaved domestic animals that do not normally leave the Unit or its adjacent Limited Common Elements are permitted, subject to Rules and Regulations. (Section 9.1.5)

Leasing & rentals

Limited; total number of Units that may be leased by Investor-Owners at any one time is one (1) Unit. (Section 9.2.1)

Parking & vehicles

11 parking spaces total; assigned and visitors parking. Use for operable, licensed automobiles, motorcycles, light trucks, family vans. No vehicle repair except light maintenance; oil/fluid changes prohibited. Inoperable vehicles may be rem (Sections 5.8.1, 5.8.2, 9.1.3)

Architectural approval

Board approval required for alterations affecting structural integrity, common elements, hard flooring, etc. Board may promulgate rules. (Sections 4.7.1, 4.7.2, 4.7.3, 9.3)

Home business

Portions of a Unit may be used for a professional office or other low impact commercial use, provided no appreciable client traffic, bulk shipping, or disturbance. (Section 9.1.1)

Insurance

deductible covered by reserves or may be charged to responsible owner (Article XI, Section 11.3; Article X, Sec)

Use restrictions

Building and Units shall be used for residential purposes and for common social, recreational or other reasonable uses normally incident to such purposes. (Section 9.1.1)

Voting & meetings

Each Unit has a vote; all units treated as equal votes. Allocated interests for voting are equal. (Section 7.4.2 and Exhibit A)

Amendments

By vote or agreement of at least 67% of Owners. Recordation required. Consent of mortgagees may be required. (Sections 1.3, 17.1, 17.2, 17.5)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.